Vikram's big thesis: the IPO pipeline isn't slowing down, it's filling up with some of the biggest names in Indian tech and business. And the secondary market is increasingly giving investors a path to exit at scale.
Here are the highlights:
🔋 Renfra Energy DRHP - Renewable energy EPC. Solar, wind, storage. Backed by Touchstone.
💳 Fibe DRHP - Digital lending for young salaried Indians. TPG, Norwest, Eight Roads, Chiratae-backed.
🏨 OYO DRHP (Confidential) - All fresh issue, no OFS. SoftBank, AirBnB, Lightspeed on the cap table.
📡 Jio Platforms DRHP - Reliance's digital arm. Meta, Google, KKR, Saudi PIF, Silver Lake as investors. Potentially India's largest-ever IPO.
🏛️ NSE DRHP - India's largest exchange, listing on BSE. Pure OFS. LIC, Temasek, SBI, CPPIB selling.
🛒 Zepto DRHP (Confidential) - Quick commerce. Nexus, Y Combinator, General Catalyst backed.
🏥 Paras Healthcare DRHP - Multi-specialty hospitals, North and East India. Creador and 360 ONE backed.
🔔 Turtlemint IPO - Insurance-tech platform backed by Blume Ventures, Peak XV, and Nexus. Rang the bell.
💰 Post-IPO liquidity: SoftBank and ADIA sold a large block in Lenskart, while continuing to hold meaningful stakes. Fidelity almost completely exited Meesho. Invesco and Actis offloaded shares in Pine Labs. Sofina Ventures trimmed its position in Honasa Consumer. Peak XV sold in Go Digit. Oman India Joint Investment Fund sold in Capital Small Finance Bank
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